Gunbarrel apartment complex sells for $22M

Gunbarrel's Boulder View Apartments, 6655 Lookout Road, have sold for $22 million, placing the deal among the priciest per-unit deals in the state.

The 69 units sold for $320,000 each to LandBank Investments of Menlo Park, Calif. CBRE Group (NYSE:CBG), represented the seller, First Range Management of Boulder, in the deal that closed March 9.

The complex, completed in 2014, was 97 percent leased at the time of sale, according to a release from CBRE. The release also categorized the sale as the highest per-bed sales price in the area, at $262,875.

The Daily Camera was not able to confirm that statistic, but data from past media reports and real estate records shows that Boulder View was among the three most expensive per-unit deals in the city in recent years, behind The Province sale in September for more than $550,000 per unit and Two Nine North in 2014 for nearly $393,000 per unit.

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